Intech Investment Management LLC Cuts Holdings in Capri Holdings Limited (NYSE:CPRI)

Intech Investment Management LLC lowered its holdings in Capri Holdings Limited (NYSE:CPRI) by 38.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,312 shares of the company’s stock after selling 10,745 shares during the quarter. Intech Investment Management LLC’s holdings in Capri were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRI. CWM LLC raised its position in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after buying an additional 638 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. GAMMA Investing LLC lifted its position in Capri by 1,580.1% during the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock valued at $123,000 after purchasing an additional 3,492 shares during the period. KBC Group NV boosted its holdings in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after purchasing an additional 533 shares during the period. 84.34% of the stock is owned by institutional investors.

Capri Stock Down 0.5 %

Shares of CPRI stock opened at $23.41 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri Holdings Limited has a one year low of $18.70 and a one year high of $51.23. The company’s fifty day moving average price is $30.87 and its 200-day moving average price is $33.09. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of -7.65, a PEG ratio of 5.01 and a beta of 2.05.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CPRI shares. UBS Group dropped their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Friday, September 13th. Robert W. Baird cut their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Capri has an average rating of “Hold” and an average price target of $28.20.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.